How you may know if you are eligible for the FHOG in Australia

FHOG in Australia is one of the most important thing that every first home buyer need to understand. To understand the bridge loan, bridging finance, cheapest home loan and salary sacrifice home loan you may need to work out with the lenders mortgage insurance calculator and lmi calculator.

In addition to the rates, interest rates and type of loans that are offered for the home buyers, first home owner grant is among the most basic things that people need to understand for sure.

In order to get the benefit and obtain the cheapest home loan rates in the form of the first home buyers grant qld.

Knowing the bridging finance rates, and first home owner grant and other things that are related is the basic step to get to know the loan in a better way.

For the eligibility criteria you can be sure about the eligibility by knowing the following things:

The first thing is the age limit which has to be 18 years at least in order to qualify for the first home owner grant. This is important for sure and the later things come after that.

The grant is for Australian citizens only and not for temporary ones. The applicant should be a permanent citizen or resident in Australia state.

There should be no property that belongs to you or your spouse prior to that meaning that you should only be buying the first home.

You need to buy or build a brand new home if you need to get the first home owners to grant.

The value should be lower than 750,000 usd and not more than that.

Moving to the new homes within one year after the complete transaction and living there for a minimum of 6 months is another compulsion for those who get the first home owner grant.